Month: November 2022

Discovery Reports Q3 2022 Financial Results and Update

Tony Makuch, Interim CEO, states: “We recently wrapped up our Phase 2 drill program with results exceeding expectations. Of note, mineralized intercepts at depth and to the northeast highlight the potential to expand the size of the open pit in our upcoming PFS.”

Vizsla Silver to Make Strategic Investment in Prismo Metals and Receive FOFR on the Palos Verdes Concession

“Since day one, the Vizsla team has believed that the Panuco-Copala district would become a major, well-endowed precious metals camp,” commented Michael Konnert, President and CEO. “Over the last couple of years, in addition to announcing our large maiden resource, Vizsla has worked to consolidate our land position and has continued to acquire both small inlier and outlier concessions in the area.”

Great Panther Announces Cease Trade Order

Great Panther Mining Limited announces that the British Columbia Securities Commission has issued a general “failure to file” cease trade order pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions dated November 18, 2022 in respect of the securities of the Company.

Almadex Provides Exploration Update

Almadex Minerals Ltd. is pleased to announce that earlier this month it commenced drilling on two projects: Davis/Paradise in Nevada and San Pedro in Mexico.

Guanajuato Silver Confirms Early Loan Repayment

James Anderson, Chairman and CEO of Guanajuato Silver said, “Because we pay back OCIM in fixed amounts of silver and gold based on spot prices set at the time of funding, we have regularly taken advantage of dips in the spot market to purchase bullion; having accumulated enough silver and gold to cover five delivery payments, we are making this early repayment to OCIM, and in return, OCIM is compensating us further by providing a discount on the total number of precious metal ounces owed.”

Radius Gold Exploration Update

Radius Gold Inc. is pleased to provide an update on the Company’s exploration activities in Mexico and other regions.

Defiance Resumes Drilling in Zacatecas

Chris Wright, Chairman & CEO, commented: “With the mineral envelope around the main Veta Grande structure continuing to grow, we are beginning to focus on delivering an updated resource estimate at the project. As such, resource expansion drilling at depth below the current resource area will be a high priority during this campaign.”

Fresnillo Plc – Juanicipio Project Update

Fresnillo can confirm that the main substation that will provide power to the project has been inspected and approved for use. This is a key milestone as the new components of the substation are now fully connected to the grid and the main transformer for the project has been energised.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.